GPS fleet and asset tracking refers to the method of tracking physical assets and vehicles using GPS technology. Assets and vehicles can be tracked globally using hardware that combines the GPS technology with cellular and/or satellite phone technology. ARC’s scope of GPS asset and fleet tracking covers the necessary hardware, software, and services for tracking of vehicles and equipment.

As many Chinese manufacturers that produce high-quality GPS tracking hardware products have entered the market, the hardware cost has dropped substantially. Reliability of cellular networks has improved over the years as well, which has reduced the tracking industry’s reliance on high-cost satellite networks.

This has brought down the overall cost for end users. Furthermore, the move to Software-as-a-Service model has reduced the upfront cost for end users as well. Combining all these improvements, the cost of GPS asset and fleet tracking solutions has come down substantially in recent years and has made these solutions more affordable and attractive to end users.

GPS Asset and Fleet Tracking Strategic Issues

The GPS asset and fleet tracking market promises to deliver continued growth for the foreseeable future. This report answers key strategic questions, such as: